Slate Auto will use the money to advance production plans, with more than 160,000 reservations and deliveries targeted for late 2026.
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GM’s Fairfax Assembly Plant highlights how workforce and manufacturing improvements support the next phase of EV and vehicle production.
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Lucid produced and delivered more of its electric luxury vehicles last year as it prepares to discuss full financial results next month.
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More competitive pricing and consumer reluctance are taking their toll on the automaker's ambitious electrification plans.
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The new campus – to be renamed Oakville Electric Vehicle Complex – will be a high-volume manufacturing hub for North America, producing about two million EVs annually by 2026.
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Called Blue Oval City, the complex will be constructed on a nearly six-square-mile site in west Tennessee and produce next-generation electric F-Series pickups and advanced batteries.
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With 150,000 reservations and counting, the additional resources will boost the supply of the all-electric pickup truck when it goes on sale in the spring of 2022.
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The BMW iX is being manufactured at the BMW Group’s largest European production plant on an assembly line with the flexibility to build a mix of BMW 5 Series, 7 Series, and 8 Series models.
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BMW Group is expanding it manufacturing capacity to make electric drivetrains for 500,000 electrified vehicles per year from 2022 and start producing fifth-generation high-voltage batteries.
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